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INSTRUCTIONS  FOR  THE  AGENTS  FOR  COL- 
LECTING SUBSCRIPTIONS  TO  THE  PRO- 
DUCE LOAN. 

CONFEDERATE  STATES  OF  AMERICA,  j 

Treasury  Department,  > 

Richmond,  January  3rd,  1862.      ) 

The  following  Instructions  are  issued  for  the  gui- 
dance and  direction  of  the  Agents  for  collecting  sub- 
scriptions to  the  Produce  Loan  : 

1.  The  General  agents  will  immediately  on  re- 
ceipt of  the  Lists  of  Subscriptions  from  the  Register 
of  the  Treasury,  appoint  a  subordinate  Agent  at  each 
place  in  the  State  in  which  he  is  appointed,  where 
subscriptions  are  to  be  paid,  (other  than  the  place  of 
his  own  residence,)  and  shall  report  the  same  for  the 
approval  of  the  Secretary  of  the  Treasury,  and  shall 
furnish  such  Agent  with  Lists  of  the  Subscriptions 
payable  at  such  place. 

2.  At  the  time  appointed,  for  the  sale  of  any  pro- 
duce, or  whenever  such,  sale  shall  take  place,  the 
Agent  shall  apply,  for  the  proceeds  due  under  the 
subscription,  and  may  receive  the  same  in  coin,  Treas- 
ury Notes,  or  approved  Foreign  Bills  of  Exchange 
drawn  against  thesale,  and  taken  at  the  current  mar- 


'ket  rate  ;  and  for  the  said  proceeds,  shall  deliver  to 
the  subscriber  a  receipt  exchangeable  for  Bonds  or 
Stock,  to  be  issued  Tinder  the  Act  of  August,  1861, 
lor  such  period  beyond  five  years  as  the  subscriber 
day  select  ;  and  if  the  particular  period  shall  have 
been  exhausted,  the  nearest  remaining  will  be  fur- 
.nished  instead. 

3.  Each  sub- Agent  will  report  and  pay  weekly  to 
:the  General  Agent  of  his  Division,  or  to  such  Assis- 
tant  Treasurer  or  Depositary  as  he  may  direct,  all 
moneys  collected. 

4.  The  General  Agents  will  report  weekly  to  the 
Secretary  of  the  Treasury,  and  at  same  intervals  de- 
posit all  moneys  received  with  the  nearest  Assistant 
Treasurer  or  Depositary. 

5.  The  General  Agents  will  receive  from  the  Treas- 
airer  the  Bonds  or  Certificates  of  Stock  called  for  by 
the  receipts,  and  will,  with  the  aid  of  their  sub- Agents 
be  the  medium  to  exchange  the  same  with  the  hold- 
ers of  the  receipts. 

6.  The  compensation  of  both  General  and  sub- 
Agents  shall  be  a  brokerage  at  the  following  rates ; 
but  no  brokerage  ^hall  be  charged  by  the  General 
Agent  on  moneys  paid  over  by  the  sub-Agents  : 

RATES  OF  BROKE  It  AGE  COMMISSIONS  TO  BE  ALLOWED. 

On  all  sums  of  $100,000  and  under,  one-half  of  one 
per  cent.;  on  all  sums  over  $100,000,  and  less  than 
$500,000,  one-fourth  of  one  per  cent,  additional ;  on 
all  sums  over  $500,000,  and  less  than  $1,000,000, 
,  one-eighth  of  one  per  cent,  additional ;  and  on  all  sums 
«over  $1,000,000,  one-sixteenth  of  one  per  cent,  addi- 
tional, until  the  whole  compensation  of  any  one  Agent 


shall  reach  $3,000,  beyond  which,  no  charge  shall  be 
allowed. 

7.  All  Agents  shall  have  authority  to  receive  addi- 
tional subscriptions,  and  are  earnestly  requested  to 
take  all  measures  in  their  power  to  procure  the  same  j 
and  they  will  be  furnished  with  blank  Subscription 
Lists  for  that  purpose. 

8.  Whenever  a  proposal  is  made  to  subscribe  Ar- 
my supplies  in  kind,  the  Agent  to  whom  it  is  made 
shall  report  the  same  to  the  nearest  Quartemaster  or 
Commissary,  and  upon  a  certificate  of  the  value  as 
adjusted  by  such  officer,  and  that  the  article  has  been 
received,  the  said  Agent  shall  issue  a  receipt  for  the 
amount  so  certified,  and  report  the  same  to  his  prin- 
cipal, or  to  this  Department. 

C.  G.  MEMMINGER, 

Secretary  of  the  Treasury. 


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